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Knowledge is a noun learning is a verb

By Herbert, Ian
Publication: Management Accounting
Date: Tuesday, February 1 2000
HEADNOTE

By the end of the article you should understand:

the concept of the knowledge-based corporation and the significance of intellectual capital;

the difference between data, information, knowledge and learning;

how

knowledge might be managed;

what is meant by the 'learning organisation';

the role of management accounting in learning.

As the business world becomes increasingly littered with buzzwords and jargon, students must be careful that any terms are used correctly when answering examination questions. This article attempts to demystify the concepts behind some of the popular terms.

All right, I apologise for the title. As students of grammar would rightly point out, 'learning' as in 'a centre of learning', can also be a noun. However, for the moment, let us assume that learning is about doing (a process), and that knowledge represents an accumulation of previous learning (facts, events and experiences). In accounting terms we could say that knowledge is an asset, a form of work-in-progress to a company.

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